Netflix will spend $3 billion on new content and will “substantially increase” their investment in original content in 2014.

The streaming service has already moved
quickly to aid investment in its original content, after confirming this week
that there will be a third season of their hit TV show House of Cards. All
episodes of the second season will become available on Netflix from February 14.

The political drama show, created by
Netflix, was the first non-network show to win not one, but three, Emmy awards
in September last year.

Netflix’s annual report reveals that the
company made $4.3 billion in revenue in 2013, a year-on-year increase of 19% in
comparison to their $3.6 billion revenue in 2012.

Netflix are also planning to further expand
their services internationally and “expect a substantial European expansion in
2014”, according to the annual report. Netflix already streams content to 41
countries globally.

The firm also announced earlier this week
that it will be raising $400 million of debt “for general corporate purposes”,
including “investments” and “strategic transactions”.

The television network currently has 44
million members around the world and is expected to expand into France and
Germany later this year.

Netflix has grown rapidly in the UK,
reaching 1.5 million subscribers in August last year, despite only launching
its UK version in January 2012.